Description

POWER GRID CORPORATION OF INDIA LIMITED has fixed Record Date for payment of interest and part redemption of bonds, with reduced face value effective from December 23, 2025.

Summary

POWER GRID CORPORATION OF INDIA LIMITED has announced part redemption of its bonds (ISIN: INE752E07OH3, Scrip Code: 958539) along with interest payment. The record date is December 23, 2025, and trading will commence with reduced face value from the same date.

Key Points

  • Bond ISIN: INE752E07OH3 (Scrip Code: 958539)
  • Record Date: December 23, 2025
  • Purpose: Part redemption of bonds and payment of interest
  • New reduced face value: Rs. 600,000 per bond
  • Effective date for reduced face value: December 23, 2025
  • Settlement number: DR-783/2025-2026
  • Trading with reduced face value begins from December 23, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notification for bond redemption.

Compliance Requirements

  • Trading members must note that trading in the bonds will be conducted with reduced face value of Rs. 600,000 per bond effective from December 23, 2025
  • Trading members should update their systems to reflect the new face value from the effective date
  • Settlement will be processed under DR-783/2025-2026

Important Dates

  • Record Date: December 23, 2025
  • Effective Date for Reduced Face Value: December 23, 2025
  • Notice Date: December 22, 2025

Impact Assessment

This corporate action impacts bondholders of POWER GRID CORPORATION OF INDIA LIMITED’s 8.36% bonds maturing on January 6, 2029. Bondholders as of the record date will receive partial redemption proceeds and interest payment. The reduced face value indicates partial return of principal to bondholders. Trading members dealing in debt segment need to update bond face value in their systems to ensure accurate trading and settlement from December 23, 2025 onwards.

Impact Justification

Part redemption of bonds affects bondholders of POWER GRID CORPORATION bonds. Medium impact as it involves specific debt instrument holders rather than equity markets broadly.